1004000+ entries in 0.762s
mircea_popescu: dude, i have
to explain
things like ONCE, and in passing
mircea_popescu: and
this was like, 3 days after i explained gpg
to him. understand, guy didn't even know linux existed on like,
the 5th
Diablo-D3: thats an interesting way of solving
the jew diamond problem
mircea_popescu: then in
the next email was o, wait, i figured it. i got a qr generator! now my phone can read it
mircea_popescu: one dood was whining about having
to keep move strings from cold
to hot computer
Diablo-D3: surprised
they dont
try a chinese version
thestringpuller: gonna use.moneygram/western union as
the insts
transaction
Diablo-D3: they're pretty fast at what
they do
Diablo-D3: so yeah, I
think its legit and safe
Diablo-D3: have you seen
the bitinstant fee schedule?
mircea_popescu: thestringpuller hey, unless it somehow blows up in
their face its a good
thing i
think
Diablo-D3: sometimes I venture into other parts of
the forum and dont like what I see
mircea_popescu: thestringpuller
they're
the ppl
trying
to get a card going, neh ?
mircea_popescu: its so sad mtgox missed
the change
to be called derpox
Diablo-D3: monday and friday always have retard
traffic
mircea_popescu: Diablo-D3 i mean less
than a day per month with over 10k
thestringpuller: ecommerce cost about 7% per
transaction at
the end of
the day
Diablo-D3: its gigantic if you consider
the fact we dont have an economy
Diablo-D3: [08:13:09] <mircea_popescu> Diablo-D3 if you
think in monetary mass
terms
then volume in btc IS HUGE.
mircea_popescu: it makes sense from
the past pov, but from
the future wtf does
this "modern" mean. o, not like you're used
to ? heh.
thestringpuller: i feel as
tho btc wll be
the free iternet currency and will have liquidity
to other currencies
mircea_popescu: thestringpuller nah. i need
to fucking get my physical delivery futures already
thestringpuller: if manufacturers start accepting btc.there will be no need
to dump
mircea_popescu: if anyone here plays
those rts games where
there's like 8 or 100 players and king of
the hill ?
mircea_popescu: so people have
this bad reference of
thinking in usd value.
think M3%
mircea_popescu: find me a stock
that
trades 0.001% of
the usd monetary mass irl.
mircea_popescu: that 5k s.dice
traded
this month ? sure, it's "just" 60k
mircea_popescu: Diablo-D3 if you
think in monetary mass
terms
then volume in btc IS HUGE.
Diablo-D3: also, if I had money
to be into
that shit :<
Diablo-D3: I dunno, I could make money on an average day if I was into
that shit
mircea_popescu: Diablo-D3 i wouldn't go as far as
to say it makes sense
to me.
Diablo-D3: mircea_popescu: I dunno
though, I find it sad
the normal stock market makes sense
to me but bitcoin doesnt
mircea_popescu: that's
the angle i see for sdice.
there's
this revenue stream in pure btc.
there's others, but
they are dwindling.
mircea_popescu: (which meanwhile floated up
to reflect
the new competition in aquiring btc)
mircea_popescu: in 5 year's
time (ie, 60 months) will you be willing
to fight with
the miners for a new 12 or 6 btc block ?
mircea_popescu: thestringpuller
that is what makes btc generators so valuable.
mircea_popescu: many of
the early people were "usd parity ?! ?! ??!?!?! ridiculous!!!!!"
Diablo-D3: mircea_popescu: dude, I sold a large chunk of btc when we crossed $1
thinking it would never cross
that
Diablo-D3: they have lower $300 billion in assets,
their brand is not worth
the rest
mircea_popescu: look at
the history. making a new btc used
to cost <1 btc a year ago
mircea_popescu: Diablo-D3 bigger problem : do you
think btc income will be as cheap in 12 months as it is
today ?
Diablo-D3: because you still have
the asset in
the end
mircea_popescu: so
they're selling,
taking a 15% loss on
their capital investment
to avoid a 3% unrealised gain
Diablo-D3: they suddenly discovered DMC wasnt a scam and
tried
to get nefario
to shut it down
Diablo-D3: thats what pissed all
the DMC shareholders off
mircea_popescu: i
think many people buy/sell based on
the immediate dividends expectation
thestringpuller: someone posted some numbers stating
the roi on
the sdice dividends is over a year
mircea_popescu: anyway you need significant capital
to mm
that. it's a 400k-ish float object
mircea_popescu: somebody had a nice analysis
thread in forum, do you have a link ?
thestringpuller: qq real quick off
topic sorta: why is s.dice illiquid atm?
mircea_popescu: what haters
tho ? everyone's been very supportive since day one.
mircea_popescu: course it doesn't actually have
the mkt depth
to liquidate for 6mn, and anyway
the contract prevents me from selling more
than half.
mircea_popescu: he ran
this glbse
thing collecting investment and subscribing it in
that programme
mircea_popescu: originally my stock was offered in a ballot system (anyone could send money, fixed block would be allocated proportionally at
the end of an interval)